Tesla investors have given the green light to a huge new compensation package for CEO Elon Musk. If the company meets challenging goals over the next ten years, the deal could be worth approximately $1 trillion.
Around 75% of Tesla shareholders approved the compensation package for CEO Elon Musk at the company’s annual meeting in Austin, Texas. The vote followed months of discussion about whether the pay was too high, though the board maintained it was crucial for Musk to continue leading the company.
Elon Musk was cheered on stage as he described the meeting as a huge success and announced that Tesla is entering a new chapter in its development.
The world’s wealthiest person boasted that their company’s shareholder meetings are much more exciting and energetic than those of other companies, describing them as fantastic and impressive.
Tesla shareholders have given the green light to a $1 trillion compensation package for Elon Musk. This unprecedented deal is tied to the company achieving certain goals over the next ten years.
— TopMob (@TopMob) November 7, 2025
How will Musk get the $1 trillion?
As part of the agreement, Elon Musk won’t take a salary. However, he could earn over 400 million Tesla shares by reaching ambitious goals. These include manufacturing 20 million cars, deploying a million self-driving robotaxis, getting 10 million subscribers to Tesla’s Full Self-Driving system, and increasing the company’s overall value to $8.5 trillion – a significant jump from its current value of around $1.4 trillion.
This new compensation plan comes after a previous agreement from 2018 was rejected by a Delaware court. The court found that Tesla’s directors were too closely aligned with Elon Musk. Since then, Tesla has reincorporated in Texas, and shareholders approved the new plan in a vote held there.
Major investors like Norway’s sovereign wealth fund and CalPERS opposed the plan, but it still passed thanks to strong support from many individual shareholders.
Tesla’s stock price has increased by over 60% in the last six months, currently trading at about $448 a share. Despite this growth, it hasn’t yet reached its peak of over $700, which it hit in 2020.
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2025-11-07 14:19